Tuesday, June 22, 2010

TCLIF - The Road That Lies Ahead

I know many of you for the last month have read about TCLIF on my blog.  I first brought here in early May and have been fond of it ever since as a lottery play with great potential.  These triple zero stocks can almost get a mind of their own once they get going.  What we need to remember is TCLIF is a sub-penny stock, a formerly bidless one at that.  These stocks carry a high degree of risk, but at the same time you can be rewarded handsomely for taking that risk, it is just the nature of the beast and the reason we are here.  We enjoy watching stocks soar 100's and 1,000's of percent and what better way to do that than trading a triple zero stock?

If you take a look at TCLIF's chart you can see one reason why TCLIF fell today. The stock for the last 10 trading sessions has painted a $.0002 in each one.  Whether some market maker has a reason to keep it there, is shorting the stock, etc. etc.   I can not explain why.  What I do know is it needs to break that trend.



This is what I am looking for tomorrow and if it comes to fruition will extend my bullish outlook on this stock.  TCLIF needs to hold above $.0003 tomorrow.  The stock  was trading strong this morning when it appeared shares were in short supply.  After a few attempts to break its 52 week high it faltered and a slow round of profit taking accelerated toward the end of the session.  This a problem that arises when a stock rises too quickly.  For the 9 sessions prior to today's TCLIF was making deliberate moves and today's breakout on the back of yesterday's great session seemed to weigh down the stock.

The road ahead for TCLIF shareholders can be a profitable one.  With solid support and measured movement this stock could head to $.001 and beyond.  We saw how quickly it can move higher and I believe it still can - one down day does not kill this trend.  It is still intact and tomorrow we will get confirmation of that.

No comments: